--%>
Assignment Help - homework help

Profit Maximization-Labor

Can someone help me in finding out the right answer from the given options. All the profit maximizing organizations employ labor up to the point where: (w) MR   MC is maximized. (x) VMP = MFC. (y) VMP = MRP. (z) MRP = MFC.

   Related Questions in Microeconomics

  • Q : Make capital available to society

    Savers who in that way make capital available to society are rewarded along with economic: (1) interest. (2) capital gains. (3) perpetuities. (4) profits. (5) rent. How can I solve my Econo

    		•
  • Q : Taft-Hartley Act and Closed Shops Can

    Can someone help me in finding out the right answer from the given options. The Taft Hartley Act of 1946 made it illegal to encompass a: (1) Right-to-work law passed by the state legislature. (2) Conviction for the misdemeanor and serve as union officer. (3) Union for

    		•
  • Q : Exclusivity ratio of ratio while price

    The percentage change within quantity supplied divided through the percentage change within price is an approx measure of a good's: (w) unitary margin. (x) price elasticity of supply. (y) exclusivity ratio. (z) price elasticity of demand.

    Q : Problem on marginal resource cost Can

    Can someone help me in finding out the right answer from the given options. Despite of the market structures, the firms maximize gain by hiring labor where the: (i) Marginal revenue product = marginal resource cost. (ii) Marginal r

    		•
  • Q : Standard economic reasoning for price

    In the given figure as in below, demand curve D0D0: (w) has price elasticity of infinity. (x) is possibly for a luxury good. (y) is unitarily price elastic. (z) seems contrary to standard economic reasoning.

    Q : Income Distribution in Lorenz Curve

    When line 0D0' represents the 1929s U.S. income distribution and line 0B0'shows the 1975 income distribution, in that case the 2005 year’s income distribution would be signified by: (i) line 0A0'. (ii) line 0B0'. (iii) line 0C0'. (iv) line 0D0'.

    		•
  • Q : Problem Regarding to Lorenz Curves A

    A Lorenz curve is a way to demonstrate: (w) that the U.S. has perfect equality of income distribution. (x) a mirror image of a production-possibility curve. (y) the percentages of families receiving different percentages of income. (z) differences wit

    		•
  • Q : Uy what is basic objects of bretton

    what is basic objects of bretton woods?

    		•
  • Q : DVCs related problem Choose the right

    Choose the right answer from following. Population growth remains high in most DVCs because: A) religious and sociocultural considerations favor large families. B) children may provide economic security for aging parents. C) children provide agricultural labor in rura

    		•
  • Q : Effect of percentage change in price

    Give the answer of following question. When the percentage change in price is greater than the resulting percentage change in quantity demanded: A) a decrease in price will increase total revenue. B) demand may be either elastic or inelastic. C) an increase in price

    		•